National market update

WASHINGTON (June 23, 2014) – Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors®. All four regions of the country experienced sales gains compared to a month earlier.
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New Home Construction Needed to Match Job Creation, Improve Affordability in Majority of U.S.

"WASHINGTON (June 10, 2014) – New home construction activity is currently insufficient in most of the U.S., and some states could face persistent housing shortages and affordability issues unless housing starts increase to match up with local job creation, according to new analysis by the National Association of Realtors®.Read more

National housing indicators

Existing home sales ()

4.89*

Existing home median price ()

$213,400

Housing Starts ()

1,001,000*

New home sales ()

National economic indicators

Home ownership

1st Qtr 2013

+65.0%

1st Qtr 2014

+64.8%

The homeownership rate in the first quarter 2014 was 64.8 percent, down 0.2 (+/- 0.4)* percentage points from the first quarter 2013 rate of 65.0 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates a year ago.

New home sales

April 2014

+3.7*%

May 2014

+18.6%

Sales of new single-family houses in May 2014 were at a seasonally adjusted annual rate of 504,000. This is 18.6 percent (+/- 17.3%) above the revised April 2014 estimate of 425,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Local Sales & Price Activity

Velma Ellison

Despite the winter weather, home sales are picking up again, after the holidays. If you are considering buying or selling property in 2016, now is a good time to get started. I am always happy to visit with you about your goals. We can make it happen together. Read more

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

Fixer-Upper, Money Pit or Bad Deal? It’s Your Call

Every home has shortcomings, even the adorable cottage you swooned over at first sight or the house with the majestic views you can still picture with your eyes closed. But the fixer-upper option is a tough one to pursue for many buyers.
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How Long Does It Take to Buy a Home?

Consumers considering a home purchase often want to get a handle on how it takes to actually buy a home.
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4 Tips for Sellers to Seal the Deal

You want to get the best price for your homes as quickly as possible. Who doesn’t? But how do you entice prospective buyers to seal the deal? Impress potential buyers with these four well-researched real estate tips, and you may impress yourselves with the results.
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3 Reasons to Buy Houses That Aren’t Selling

When a house has been sitting on the market for a while, it can leave potential buyers with a bad impression. Home shoppers worry there are hidden deficiencies in the..
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4 Tips to Help You Pre-Qualify For a Loan

Before you start looking for a home, you need to pre-qualify for a loan. This process involves a quick analysis by a mortgage officer to see if you have all the necessary financial qualifications to buy a home.
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Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, realtor.com® local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.

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